Onshore yuan reference rate for the session. Earlier I posted on the offshore yuan: Eyes on offshore yuan - USD/CNH due for a bounce?

In open market operations, the People's Bank of China to skip today.

  • Due to maturing RRs it's a net drain of 40bn yuan

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Data from China today:

  • China August Manufacturing PMI: 51.7 (expected 51.3)
  • China August Non-manufacturing PMI: 53.4 (prior 54.5)